ATW to Recoup Environmental Bonds-Cancels Private Placement
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 11/05/10 -- ATW Gold Corp. (TSX VENTURE: ATW), ('ATW' or 'the Company'), announces that it has been notified by the Department of Mines and Petroleum of Western Australia, that the environmental bonds related to the mining leases at Burnakura have been retired.
ATW will receive the majority of the $1,000,000 AUD attached to the aforementioned bonds.
The Company has reviewed its current financial position, inclusive of bond payback and has determined it will not be proceeding with the private placement announced on November 2, 2010.
ATW is pleased to have avoided the shareholder dilution that would have been associated with the private placement.
ATW GOLD CORP.
Brent Butler, President & CEO
'This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.'
'Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.'
Contacts:
ATW Gold Corp.
Investor Relations
604-662-8184 or Toll Free: 1-877-662-8184
604-602-1606 (FAX)
investor@atwgold.com
www.atwgold.com